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Learn more about the latest in new battery technology and discover the next generation in battery and energy storage with expert analysis by Power Systems Research analysts.
In the November 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on General Motors halting production of Hydrogen fuel cells; China develops all-solid-state EV batteries with 620 mile range; plummeting battery prices will push BEVs below parity soon, and Chinese battery breakthrough could extend lithium cell lifespan by 9,000 hours. Read these articles and more in the November Alternative Power Report today. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
In the September 2025 issue of the Alternative Power Report produced by Power Systems Research and authored by Guy Youngs, you’ll find articles on another major OEM dropping EV plans, an article on falling battery prices, a new more powerful and flexible EV battery from CATL, India’s EV pickup revolution and much more. Read the September Alternative Power Report today. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
Yet another big name in automaker is pulling back on its EV plans, blaming slower than expected demand for electric vehicles. Volkswagen’s luxury sports car brand, Porsche, has announced that it no longer plans to build EV batteries in-house.
Cellforce, Porsche’s high-performance EV battery company, will shrink and only focus on research and development, rather than production. In a statement, Porsche blamed “the slower ramp-up” of EVs and “challenging market conditions” in its biggest markets, the US and China, for the changes.
Porsche plans to continue offering internal combustion engine (ICE), hybrid, and all-electric options across every segment “well into the 2030s.”
The automotive industry is currently paying about US$ 63 (€54) per kilowatt-hour for LFP battery cells and US$ 68 (€58) per kilowatt-hour for NMC battery cells. Three years ago, when the price of battery-grade lithium was soaring into the stratosphere and supply chain interruptions were affecting industries around the globe, LFP batteries were costing manufacturers US$ 148 (€127) per kilowatt-hour, with NMC batteries costing US$ 164 (€140) per kilowatt-hour — both more than double their cost today.
At the Munich Motor Show, the global leader in electric vehicle batteries made its presence known. CATL introduced its Shenxing Pro, deeming it “the world’s first LFP battery to deliver a 758 km WLTP range.”
Chinese Scientists May Have Created Powerful Lithium Metal Battery.Researchers at Tianjin University reportedly have made a battery with an energy density of over 600 watt-hours per kilogram, twice as much energy as Tesla’s most advanced electric vehicle battery. Energy density, the amount of energy stored per unit mass, determines how much power is stored in a device.
PSR Analysis: Lithium metal batteries are known to have a higher theoretical energy density than conventional lithium-ion batteries and are considered a promising next-generation solution. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
The Ministry of Economy, Trade and Industry says it will support the development of an industry-wide system for sharing information on the degradation status of EV batteries. Toyota and Honda will provide battery-related data to used car dealers, insurance companies and others. The aim is to prevent the export of used EVs overseas and enable the domestic utilization of batteries containing critical minerals.
Currently, battery degradation is difficult to assess, resulting in low trade-in prices for used EVs in the domestic market. The fact that approximately 80% were exported overseas was a cause for concern.
Researchers at McGill University in Canada have increased a battery’s energy density by adding a rare-earth metal to an anode.
The scientists added a small amount of neodymium (Nd) to the anode in a bid to increase its energy density without compromising safety. This resulted in a 19% increase in energy density.
In September 2024 the Maersk McKinney Møller Center produced a pre-feasibility study on battery-powered vessels. The report identified battery-hybrid propulsion as an essential part of shipping’s decarbonization toolkit. It demonstrates a clear understanding that batteries offer significant efficiency gains over internal combustion and that partial electrification can sharply reduce greenhouse gas emissions and local air pollution.
Mitsubishi Logisnext plans to increase the electrification rate of its forklifts from approximately 60% to 90% by 2035. The company has its roots in Mitsubishi Heavy Industries and Nissan Motor Co., Ltd., and it specializes in high-output engine vehicles. However, the global electrification rate has already surpassed 70%, with Chinese companies leading the way in technology. To catch up, the company is introducing new models in China that align with the trend toward electrification.
“The price of lithium-ion batteries has dropped, which has led to increased customer demand for electric forklifts,” said President Maeno of Mitsubishi Logisnext. He highlighted the need to expand the company’s product lineup to meet market needs. As part of this strategy, the company plans to introduce a locally produced electric vehicle model in China by the 2025 fiscal year. The key feature is thorough “localization.” The company has adopted locally sourced batteries, motors, hydraulic components, and other parts to reduce prices to levels comparable to those of Chinese manufacturers. Until now, the company has sold vehicles developed in Japan but has struggled against low-priced local competitors. In China, battery prices have fallen rapidly due to the increased popularity of electric vehicles (EVs). Mitsubishi Logisnext has adopted a “when in Rome, do as the Romans do” strategy to counter this trend. Depending on sales performance, the company plans to expand into markets such as Southeast Asia.
